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BTC $75,005.75 -0.01%
ETH $2,335.02 -0.88%
BNB $628.60 +0.61%
XRP $1.43 +1.63%
SOL $88.18 +3.10%
TRX $0.3260 +0.09%
DOGE $0.0977 +0.95%
ADA $0.2554 +1.81%
BCH $449.80 +1.45%
LINK $9.43 +1.50%
HYPE $43.79 -3.75%
AAVE $113.74 +6.93%
SUI $0.9841 +0.20%
XLM $0.1664 +3.59%
ZEC $334.23 -2.80%

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Illustration of Upbit's 10 Web3 Business Partners: Exchange Model Shaped by Korean Regulations

The Web3 asset data platform RootData has outlined Upbit's business partners, which are relatively limited and mainly focused on areas such as blockchain infrastructure and compliance services. This is closely related to South Korea's unique and strict regulatory framework: under a system environment centered on real-name systems, VASP regulation, and anti-money laundering, exchanges are required to take greater responsibility for the flow of funds and user identities, making Upbit more inclined to develop its own systems and build localized capabilities rather than extensively introducing external partners.From the disclosed structure, on the technical side, infrastructure capabilities are strengthened through Lambda256, Aptos, and others; on the compliance level, service providers such as VerifyVASP, Chainalysis, and Crystal Intelligence are introduced; and supplementary funding and liquidity are provided through Circle and Naver Pay. Additionally, Upbit quickly built trading capabilities relying on its cooperation with Bittrex since its launch in 2017.On the branding side, Upbit has explored NFT entertainment collaborations with Hybe and has laid out plans in esports (LCK) and signed top players like Faker, while also becoming a primary partner of the Korean Sports Council. However, as the popularity of NFTs and the metaverse has declined, the influence of related entertainment collaborations has weakened. Related compilation: [Upbit Web3 Partner Network Compilation (continuously updated)](https://cn

Bitfinex Report: The market value of tokenized commodities surpasses 7 billion USD, and the upgrade of stablecoin infrastructure accelerates implementation

Bitfinex released a report indicating that tokenized commodities are moving from early experimentation to practical application, becoming an important manifestation of the reconstruction of real-world assets (RWA) on the blockchain. The core of this shift is not to create new demand, but to reshape existing market infrastructure.Data shows that the total market value of tokenized commodities has reached approximately $7 billion, growing nearly 600% since the beginning of 2025. Current major participants include crypto-native investors and high-net-worth individuals. Amid increasing geopolitical volatility, tokenization is enhancing asset liquidity and risk management flexibility. Gold remains the primary entry point, with Tether Gold accounting for nearly 40% market share.The report points out that on-chain gold possesses characteristics such as real-time transfer and global auditability, making it more suitable as collateral compared to physical assets, and it can overcome traditional trading hours and settlement limitations. In addition to gold, tokenized commodities have expanded into areas such as oil, natural gas, and agricultural products, with soybeans and soybean oil each around $400 million, and green financing-related exposure around $850 million, indicating that this model has cross-category expansion potential.At the same time, the traceability of blockchain has also enhanced supply chain transparency, meeting regulatory and ESG requirements. Bitfinex believes that in the future, the focus of tokenization will shift from precious metals to industrial products such as copper and oil, achieving a transition from "product innovation" to "market infrastructure upgrade" by improving collateral efficiency, asset circulation speed, and transparency.
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